Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 130. (Read 814539 times)

The POS system does have advantages in mining and distribution, making the mining process widely available to anyone with a computer. Which we would love to have for DNotes supporters.

I think you are correct, looking at the current landscape, a hybrid solution is very intriguing. Do you know of any coins currently utilizing a good hybrid solution offering both a decent stake and decent POW mining reward?

Excellent, work. That is Executive Briefing at its best.

Digital Currency Weekly Recap 11-1-2015

IOTA: Digital Currency without the Blockchain?
Russia Continues Hard Line on Digital Currency.
AIFMRM Warns Crypto Risks Rest with Users.
EBay to Adopt Crypto?
DCEBrief Welcomes New Contributor Nick Marinoff.

http://dcebrief.com/digital-currency-weekly-recap-11-1-2015/

All entries paid for this week. Up to 543 entries.

Yes, a very interesting article. I personally like POS above POW due to specific reasons, but for the most security a hybrid of the two is the best.

Happy Halloween!!!!!!!!!!

+1 That article makes a lot of great points. Some of the forum threads for the POS coins were littered with pages upon pages of problems and fighting, so I'm glad you decided against it at the time, that could have been a fiasco.

Ditto, happy halloween all.

Happy Halloween everyone!

To all the DNotes kids - Go easy on the candy!

To all the grown ups - Lay off the "pumpkin juice"!


Have a safe night everyone!!

             

Excellent article. Very well written. POS was very interesting until we evaluated potential risk factors and the need for technical support. POS has generated a lot of bad user experience. This article laid out potential nightmare, at least in theory, I did not even think off. Scary!

Happy Halloween to you all!

Nick Marinoff, a good friend of ours just joined our team of DCEBrief writers and contributed his first article regarding Student Debt. I thought you might be interested in the following comments. As you may know, serving students is part of our global mission. Here is just another reason why it a worthy mission and how DNotes strive to become a viable medium of exchange one day.

Quote From: Dr. Quincy Chen 10-29-2015
Managing Director in PetroOverseas Group Corporation; Co-founder of Sinostan Consortium and Thinkingtank

Foreign students with F1 visa can not work outside college campus in USA, for example. But now they can work online to make digital currency money used to pay for tuition and expense.

Quote From Alan Yong, Today:

Dr. Chen, that is an excellent point. I have not thought of it that way. Foreign students with F1 student visa are not allowed to work off campus during their first academic year. However, they may work on campus, with limited opportunities and, often, lower pay. Technically, they can seek off-campus employment after the first academic year if they can find the right job and a friendly employer to qualify the student as part of a “practical training” program. It can be quite challenging. I have gone down that route before.

Participating in digital currency can be the best option for F1 students in this kind of situation. They can accept gainful employment anywhere worldwide, earning digital currency to help pay for their studies, or reduce the burden of student debt.


Author: Nick Marinoff
https://www.linkedin.com/pulse/can-digital-currency-help-student-debt-nick-marinoff

How bad is the student debt crisis?

At the present time, the average student owes approximately $35K upon graduation. The U.S. holds nearly $1.3 trillion in student loan debt, and considering the rising costs of education, that number is expected to steadily grow over time.

Despite these statistics, only about one-third of working Americans possess bachelor’s degrees. Many look at student loans and ask, “Have banks and other lenders failed us?” Common financial institutions can charge excessively high interest rates to students and regularly steer those rates north. They can also collect late fees whenever students fall into default (which can be quite often), warranting further monies in their secret stashes. Maybe banks haven’t “failed us” per se, but you can bet that by the time a student loan has been paid off, the person in question has given far more than what they originally qualified for.

The nation needs help, and many are wondering if there’s room for digital currency to get behind the wheel and take us in a different direction. Digital currency is big, but it isn’t “Internet big.” Despite its potential and ability to aid unbanked nations, many still prefer the traditionalism behind fiat money, probably due to lack of knowledge or interest.

We’ve all heard the old saying, “Children are the future.” Putting this into perspective, the children of later generations are likely to be the future students of modern-day universities. Therefore, it’s important to train them on the ways of the future, and some of those ways stem from digital currency.

It’s been a slow period of integration, but several businesses, stores and establishments are now enforcing methods of accepting bitcoin and relying on its respective technology. Who would have ever thought you could treat yourself at a nearby restaurant and when the check arrives, you pay with some 1’s and 0’s?

It’s time to not only teach students about digital currency, but work to develop their appreciation for it, and a rewards program just might be the tool we need. Why not offer students the chance to earn bitcoin through school programs? Think about it. Free money for anyone on a path of study… What student wouldn’t want to partake? It’s the same as a scholarship. The University of Washington recently caught wind of the growing trend and brought a bitcoin ATM to its campus in October of last year. Prior, MIT made headlines by establishing the Bitcoin Project and offering $100 in bitcoin to over 4,000 undergrads. Nothing wrong with a little extra textbook money…

Bitcoin alternative DNotes and creator Alan Yong has begun what is known asCRISP (Cryptocurrency Investment Saving Plan). The program allows schools and respective students to sign up for apportion codes which in turn allow them to receive up to 500 free DNotes. Granted the stability of the currency, Yong explains that the potentially high returns offered through DNotes could help students save and receive more over time, thus giving student loans a less-intimidating presence.

Bitcoin and related currencies are here to stay, and the future is being delivered to us now. Offering virtual money to students as a potential reward gives them the chance to further understand what will likely be the primary payment methods 20 to 30 years from now. For the time being, extra money in students’ pockets can help to alleviate some of their ongoing expenses, thus giving the country a chance to bring its debt figures to a halt and discover a much-needed step in what is sure to be a long and arduous war against a growing financial monster.

Thank you for the kind words and support Qiwoman, MWC, and Mati! DNotes philosophy relies heavily on the concept that in order to become successful it must be mutually beneficial to all.

Also, ran across this article (http://forklog.net/comparison-between-proof-of-work-proof-of-stake/) today on forklog comparing POS and POW algorithms in relation to security. Very interesting read. When POS really started to take off, we recognized the benefits but also the downfalls and how they would impact our long term strategy. Ultimately deciding POW is, at the time, the best for DNotes, but who knows what the future may hold.

Happy Halloween to all: DNotes community and dear friends. Soon I'll buy more DNOTES as an investment and expression of my faith and trust in this community and the leading team. I'm sure that a great future is expected to this community and for DNOTES as a trusted and popular coin

Happy Halloween DNotes friends!

I don't know how to give out DNotes to the trick or treaters, but I will get some help and do it next year, I promise.  Thanks for the tips on Cryptomoms.

I know there are people here that work REALLY hard so everyone will be rewarded and I just wanted to say thanks.  Please keep doing what you are doing, because even non-techo me can tell it's the right thing to do.

You guys rock!! 

MWC

hAPPY Halloween to all our DNOTES TEAM and FAMILY..
I also agree with the deep conversation above that technology cannot be appreciate din it's full potential unless it is applied to the Masses and they benefit by it. Military technology is around 40-5o years ahead of Civilian tech which is really detrimental to Mankind so it is up to those who have good intentions, like the DNOTES TEAM to help bring technology to the wider populations and for the common good. 

Blockchain Weekly Recap 10-31-2015

Microsoft Adds Blockchain Access for Enterprise Users.
Dash Announces Evolution.
Colu Announces Partnership with Deloitte.
The Blockchain Meets Your Car.
BitUnit Foundation to Hold Blockchain Conference in Ghana.
Nasdaq Reveals First Six Linq Clients.
Blockchain Dominates Bitcoin Conversation at Money 20/20.

http://dcebrief.com/blockchain-weekly-recap-10-31-2015/

Thank you KC. You made many excellent points. I hope we all learned a few things from this incident.

TeeGee, you are an amazing friend. Your deep understanding of DNotes and our industry is impressive.

"It is like getting dressed you put your undies on before your pants"

Unless, of course, you're Superman...

Tee hee . . . check the 'all' charts of the top fifty coins on Coinmarketcap. How many cryptos have performed better than Dnotes?

The discussions that happen on here spark ideas. Agreeing or disagreeing here or behind the scenes are where ideas are born and things happen. I have always been taught you need to walk before you run. I would much rather the team walk through this than to run blindly hoping they are running in the right direction. Please stay the course and walk through this like you should walk through life. When you start running is when I look for who or what is chasing you and why.  It is like putting a puzzle together, you do it one piece at a time. It is like getting dressed you put your undies on before your pants. It is like baking you have to have all the ingredients before you can bake a cake. You get the picture.

Hi Mochilles,

I have to be honest as well. I haven't read much here that comports with what your first sentence suggests. I don't see anyone here really talking about some sort of Utopian existence where "crypto runs the world." Instead, I see a great deal of conversation about how crypto can serve the world by meeting certain needs that are currently left unfulfilled by existing monetary schemes. Is there idealism here? Of course. There are few people willing to invest this level of time or effort into any enterprise that fails to inspire at least a certain level of idealism. However, there is a marked difference between being reasonably idealistic and succumbing to a Pollyannish worldview. I see little of the latter.

The main disconnect I see in your post is the emphasis on just the technology, and I can understand that. The technology is a common focus for many who are interested in crypto. Still, that techno-centric emphasis often misses the mark when it comes to the long-term importance of the technology itself. Yes, technological innovations are critical, but is it not equally critical that those innovations actually serve a purpose? While DNotes is presently playing its cards close to the vest where specific technology plans are concerned, that does not mean that discussions about how the currency can potentially benefit people are in any way a "circlejerk" (I do have to give you credit for using colorful, though somewhat cringe-worthy, imagery).

Finally, I have to take issue with the use of the words "imaginary future" since the context in which you used them presumes that none of what is envisioned is actually realistic. What people like Alan Yong envision is not an imaginary future that cannot come to pass. It is instead an imagined future, and one that is eminently attainable. However, technology alone will not miraculously get us to that future, any more than the invention of the automobile automatically increased the mobility of human beings. To provide its intended benefits, technology must first be accepted and used.

What is easy to miss is that DNotes is currently and quite publicly focused on the people side of the human-tech connection. That doesn't mean that the technology is irrelevant or even just an afterthought. It is merely a reflection of the founders' unrelenting focus on how this technology can benefit people, and the steps needed to bring those potential benefits to fruition. The technology is but part of the story - and where mass acceptance and adoption are concerned, probably the least important part of the tale. As impressive as the technology that powers the internet might be, I think our appreciation of its value would be more than a little diminished were just a small portion of the population using it.

None of that is to suggest, however, that your concerns about the technology are unimportant. Those are all legitimate questions for anyone who is focused entirely on the technical aspects of crypto - though they could probably have been framed in a somewhat less condescending manner. Still, it is important to remember that the conversation you see here tends to revolve around long-term goals and potential precisely because the people involved in the conversation are interested in DNOTES' long-term vision, and in the real benefits that such a vision can provide for the world once it is fully achieved.

Good questions, though.

Have you all seen this or familiar with Tangle?
http://cointelegraph.com/news/115508/iota-a-blockchain-less-gasp-token-for-the-internet-of-things?ref=45

It is interesting. Tangle (http://188.138.57.93/tangle.pdf) appears to use a distributed ledger and weighted transaction confirmation approach. I've heard of similar approaches, which still have the issue of dealing with double spending. I'm surprised they would use this approach for the IOT stuff, but it may make sense when dealing micro transactions on a massive scale and specifically on somewhat closed networks.

There have been some interesting developments and possibilities in side chains for handling transactions weaving in and out of blockchain. It seems like that would be better way to approach this massive micro transaction issue.

At any rate, I'd love to hear your thoughts on it.